New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 20, 1921, Image 12

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New-York tribune. [volume], December 20, 1921, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 20 Dec. 1921. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1921-12-20/ed-1/seq-12/>

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?*<?
? I $500,000
Detroit, Mich.
5% Coupon Bonds
Due Dec 1, ? 927-35
Exornpi frmt Feiorti. Incomt Texts
JLegtd Investment for Savlnfr Ban\s
mi Trost Fand* in A'?* York
???_* tnhtt Statt?.
Price? to Yield 4.60%
Rcmick, Hodges & Co.
Jt_**?b?r? Mew T*?***_ Stock K*teb_,n_-?
14 Wall St. New York
Gsram-MBtleat-- B. X- D*** O.. BmIm
i
jLA'recl prfcci'e wir? to
CHICAGO
l?rfnk***- etf
Chicago Stock Exchange
Chicago Board of Trade\
New York Stock Exchange
25 Broad St 208 So. La Salle St.
New York Chicago
"i
Burlington,
Ceoar Rapids &
Northern Ry.
I
Consolidated 1st 5s
Due April 1, 1934
Price to yh?d 5.45%
iprtnre & SUjtfrhj
KsMbllabed 187S
Members New York Stock Exchange
52 Broadway Tel. Broad 6323
>
J.K..Rice,Jr.&Co. Will Sell
10? Klrby Petrols-am
-00 i.??:.;?? ii Valley Coal Salea
200 MeCaJI Corp. oonunon
50 Mert-k & to. pfd
SO Nat. Fuel Ga?
50 N. Y. Mutual On- l,l*-ht
100 N. V. l-Hute RyR. com & pfd
.->0 Vacille Count 2nd pfd
200 Penn. Coal & Coke
r>0 FUelp?. ? -udg? Corp.
200 t'yrene Mi"*;.
100 U. J. Keynold? com "A"
10 Hoyal Ciu. ..rilan Oil 8yn_
500 HlVK*r Mfg., Ltd.
?0 Solar Helioin-r
100 Virelninu Railway
150 Wost Va, Pulp ? Paper
50 WestcbeMter lattoranc*
J.K.R?cc,J?r.&Co,
.hone- 4000 tn 4010 John. 38 Wall St., N. Y.
SOUTHWEST PENN
PIPE UNE
Bought, Sold 4 Quoted
C. ?. Kerr Si Co.
2 Rector St., N. Y. Phone 6780 Rector
Duquesne Light
Colorado Power
Tennessee R'way, Lt. & Pow.
FREDERIC H.HATCH & CO.
74B^NY^^^?lTel^Grl220
OO-JTOM-O-ICASO-PH?LA -MONTH' ,U- PITTS80ROH
STANDARD
New Booklet O will be
"Independent --? sent
"Oil ^ hi apon
Companies" 8 request
CARLH.PF0RZHE?MER&C0.
Phon? 4860-1-3-8-4 Broad. 25 Broad 8t.,N.T.
Missouri, Kansas & Texas
NEW ISSUES
All d?nominations end scrip.
Bfartshorne & Batf elk
Membma ?Veto York Stock Kxchangt
25 Broad Street New Yorla
TELEPUON'H BROAD 7740
Chase National Bank
Hanover National Bank
ft?cCLURE,JONES&f-?EED
Membf.t Ntvo York Stock Exohangt
119 l?roudvrny. Phone 8321 Keotor.
Atlanta Bunk Rate Cut
ATLANTA, Ga., Dec. 19.?A reduction
of the interest rato on all classes of
p?p?r from 5**i per cent to 6 per cent
WIM? ?finoyntui?! t-?--"**-* by M. ft Well?
born, grovernor of tlu Sixth Federal
Stock Prices
Turn Lower on
New Pressure
Selling in Expectation of
End-of-Year Declines Is
Factor in Setback; Few
Shares Near Year's Low
Financial operation* toward th? end
otf th? yetar depend to a great extent
on accounting adjustments and irregu?
larity is frequently a seasonal phe
nawenon at this period. Realization of
th? fset encouraged sp?culative Bell?
ing lu th? stock market, particularly
sinos th? trend has been irregularly
upward for many weeks. Speculative
ventu.t?3S of this character merely
added \Vo the Cfonfnsion and uncertainty
which ??thenHs? might have prava i led
as a reimlt of end-of-the-year adjust?
ment?.
Losses of the morning -wer? to a
larg? extant offset by -rains In the
afternoon on short covering. The
average price of thirty representative
Industrial ? tocks at the close, however,
?was ?light! y lower than on Saturday,
but the tttean quotation of twenty
typical rail? was a shad? higher.
In spit? o>f the factors making for
Irregularity, the market is conspicu?
ously fre? tVora th? terrine selling
pressura which a year ago eansed a
panicky feeling In th? markets. The
selling last December was partly ne?
cessitous and vixtly for the purpose of
establishing tax losses. Conditions
have so far improved in the business
world that forced liquidation has
caased to be a factor of serious impor?
tance. As for tax selling, many securi?
ties are now ?selling at or near the
summit prices cd the year. Therefore
those with their eyes fixed on the In?
ternal revenue collector are disposed
to hold on to their stocks until at least
after the turn of the year, for to sell
them now would establish profits In?
stead of losses. The exceptions which
are at or near the low for the year are
the sugar etocks, many of the low
priced rails and certain specialties,
such as Sears-Roebuck, have been sold
obviously to establish tax losses, and
under the new provisions of the in?
ternal revenue act cannot be repur?
chased for thirty days. The effect of
the tax motive at present is to defer
selling of stocks to take profits, and
similarly to postpone buying back of
securities disposed of to register losses.
The weakness of Mexican oil shares
and the corresponding firmness of
American issues early yesterday were
attribut?sd to a diagnosis of the Mexi?
can oil situation in tho house organ of
the Standard Oil Company of New Jer?
sey.
European exchanges closed markedly
firm and revealed gaTns for the day.
Cotton price? were 10 to 22 points !
higher as a result of favorable reports !
regarding prospects In the cotton poods i
trade, and whe-at quotations cllmb<-d up i
! 1*?4 to ZVi. cents, reflecting an upturn in
VTinnipeg resulting from heightened
buying for export.
?.- ??
Money and Credit
The money market yesterday was
; still under the Influence of the Decem?
ber IB government operations, and this
was reflected in higher rates. Call
money, after opening and renewing at
5 per cent, advanced later to 6 per
cent, which was also the closing rate.
Yester- Year
day. ago.
On industrial collateral 5 7
On mixed collateral.... 5 1
Time money (mixed collateral) :
Sixty days . 6@5% 7^7%
Ninety days . B(o;5% 7@7Mi
Four months . 6(0)6% KalV?,
Four to six months.. 6(0*5^4 7@7M?
Bank Clearing??Bank clearings at
New York yesterdav were: Exchanges,
$423,300,000; balances, $68.400,000.
Silver-London, 35%d; New York, do?
mestic, bar, 95%c; foreign, 66%c; Mex
, lean dollars, 50% c.
? ,? ?
i The Dollar in Foreign Exchange
Foreign exchange rates again de
' veloped considerable strength yester?
day, recalling the Oc rise in the pound
! ster'ing a week ago. Cable rates on
London showed a net gain of 3 Vi cents
. at $4,21%.
Continental exchanges followed the
same trend, French francs rising again
I above the 8-cent level. Scandinavians
; i were strong, Swedish crowns selling
above 25 cents; Norwegian at 16 cents,
and Danish at 21 cents, the last named
advancing a cent on the loan floated
here.
The trend was higher in the South
American group, but in the Far East?
ern section changes were small.
EUROPE
Yester- Previous Year
day. day. ago.
GREAT BRITAIN (par S4.86 a soverelpn)
D-mand . 4.20% 4.17% 3.49%
Cables . 4.21% 4.17% S.50
60-.1 bills Oniy'g) 4.17% 4.14 3.44%
90-d bills (buy'g) 4.16% 4.12% 3.42%
FRANCE (par 10.3 cents a franc)
Demand . 8.12 7.86 P ?9
Cables . 8.12% 7.85% f>.8!>%
BELGU'M (par 19.3 cents a fru.no)
Demand . 7.80% 7.54 6.21
Cables . 7.81 7.54% 6.22
SWITZERLAND (par 19.8 cents a franc)
Demand .19.17 19.45 15.17
Cables .19.49 19.47 15.29
ITALY (par 19.3 cents a lira)
Demand . 4.61% 4.51 ?.89
Cables . 4.62 4.61% 2.48
HOLLAND (par 40.2 cents a florin)
Demand .36.68 86.46 81.20
Cables .36.63 36.60 31.80
GERMANY (par 23.8 cent? a mark)
1 Demand .63% .5?) 1.88
| Cables.53% .60 1.38%
! AUSTRIA (par 20.3 cents a crown)
! Demand .04 .03% .12%
Cables.04 .03% .23%
i NORWAY (par 26.8 cents a crown)
Demand .16.00 15.40 11.00
C?bles .16.05 16.45 14.6.")
SWEDEN (par 26.8 cents a crown)
Demand .36.00 24.70 19.70
Cabins.26.06 24.75 19.75
DENMARK (par 26.8 cents a crown)
Demand .20.95 19.90 15.06
Cables .21.00 19.95 16.10
SPAIN (par 19.3 ronts a peseta)
Demand .l'.S9 14.65 13.00
Cable? .14.90 14.06 13.02
PORTUGAL (par 108.05 cents an escudo)
Demand . ?.00 8,25 10.96
Cabl? s . 8.00 8.25 11.00
GREECE (par 19.3 cents a drachma)
Demand . 4.30 4.25 7.38
Cables . 4.::."? 4.30 7.43
POLAND (par 28.8 cents a mark)
Demand .o:;% .03% .is
Cables.0;:% .03% ,is%
CZECHO-SLOVAKIA (par 20.3 cents a
crown)
Demand . 1.24 1.24% 1.15
Cables . 1.24 1.24% 1.16
JUOO-SLAVIA (par 20.S cents a crown)
Demand .39 .39 .73
Cables .89 .39 .73
RUMANIA (par 19.3 cent? a leu)
Demand .87 .84% l.li
Cable:).87 .84% 1.20
FINLAND (par 19 3 cent? a mark)
Demand . 1.95 1.95 2.40
Cables . 1.95 1.96 2.45
EAR EAST
CHINA (Shanghai par unsettled)
Demand .77.75 "7.75 74.00
Cables .78.25 78.25 74.50
CHINA (Hongkong pur unsettlid)
Demand .55.00 66.00 66.00
Cables .65.26 65.25 5?.10
JA TAN (par 49.8 cents a yen)
Demand .47.87% 47.87% 49.50
?'sbliB .48.12% 48.12% 49.625
INDIA ft?** 4?.?? ?rs-tU? a Miiiee)
Dem??'i ...... .?i.UVj ??.?*? 916.0?
?sJsiSM MUMwJMi U.M M.*?
Transactions Yesterday in Listed Stocks
Summary of Stock Exchange Dea-ni^n
(Copyright, 1921. N->w Tork Tribun? Ine.)
Stocka
Tenter-day
Railroad ?tocfc?. 102,300
Other ?tork? . AG?,600
All -docks . *"83,900
Hay Tear January I to Hute
before ?Co 1921 1120 1019
61.300 100.300 33.073.000 47.378,800 01,628,400
S7!",4O0 ?OV .100 137,072,800 16<1.221.700 ?16.879.700
430,700 1-08 600 170,140,400 210,597,500 307,508,100
Tester?!??
IT. R. ?ro-ernmpnt hand?.$11,581,000
Railroad bond? . 8,106,000
Other bond.? . 3,409,000
Ali bond? .,, 18,096,000
It OH (Is
Pa- before
$3.8'18,C00
1,426.000
1,655,000
6,979,000
January 1 to date
Tear airo 1021 1920
$20,119,000 $2,067,262,000 $2,306,602,000
2,203.000 fil2.H9a.000 G82,093,000
3,984,000 7C9,r.)G.000 710.014,000
20,366,000 .3,439,688.000 3,690,609,000
"Record of Slock and Bond Average?
-'-i-*, rlsrht, 1981, New Tori*. Tribune Ino.-)
Stocka _ . ?
Ran-reJan. 1 Ran?** f*>.l
Tester- Dar Tear to dnte. Tear 1920
d*T >,rf?r-. atro niwh, I---T- "'!*'?? 1'av- \
20 Railroad stocks . 04.49 61.43 60.70 67.35 57.40 73.30 6300;
30 Industrial stocka . 75.31 75.71 69.67 79.13 60.80 110.00 67.67
50 Stocks . 71.40 71.62 fifi.02 73.38 61.02 92-06 64.P0 j
Bonds
10 Railroad bonds . 81.34 81.51 71.84 82.12 71.01 76.97 68.75';
10 Industrial bonds . 87.08 86.91 81.65 87.00 80.46 91.45 81.30
B Utility bond*. 79.14 79.22 69.23 81.00 70,13 74.56 67.44,
26 nonti? . 83.39 83.41 75.24 83.80 75.25 81.71 78.94
Hl-*.*..
i:?2i.
53%
19%
46%
39".'.,
1'/a
134
69%
1031 2
39' _
00
65'?
84
747",
65' ?'.
85" a
97
Low. DIt,
1921. In$.
26% ?
11 ~
SO 4
15% ?
% -
(Sales.
Adams K* preso . 200
Advance Rnraely .... 100
Air Reduction . 200
Aja? Rubber . 19100
34
83
28%
07%
26%
51
66
29'/,
23%
76%
Aln*ikh Gold Mines.
Alaska Janean ....
Allied Chemical ...
600
2200
1900
High. I .o?r.
671/4 67 Va 66*4
do pf . 200 103V-? 103Va 103% 103'/a? Vt
1611/4 115! i 12
29
24?,
?7
8a,?
137
18
62%
70%
73%
633?
11%
82%
03
101 Va
91
10
14
47%
00
88
114%
35
06
1071/4
88
91
119'_
130%
131%
99%
83%
14%
40%
50
3 Va
43%
107%
94
88
7%
91
9
70
44 Va
24'/a
113 Va
13%
70
4%
98%
42%
56%
35
62 Va
65
14%
10
7Va
121
90
5%
6'/4
22
33Va
19%
74
49%
a3
7 Va
123%
43 '/4
?6
S6Va
86
65 Va
16%
!7
9 Va
20%
?1
46%
7-.
35
?13%
77
73
57 Va
75
16%
20 Va
43 Va
32?4
46%
65Va
12%
62V4
67%
55%
12
C1
95
91%
98 V4
44%
49'/2
107 Va
91
33 Va
26
67%
59%
249
7%
91
25%
81
151/4
22%
82%
9 5 Va
13%
43 Va
19%
20 Va
59 Va
783/0
70%
143%
16%
73/a
44%
80
16%
79%
35%
29%
16%
11Va
13%
32
25/s
86
163/4
lOOVa
7%
57
42 %
5%
16
100 Va
67%
76
73%
75%
17
85
26
40
4%
12%
36%
28%
55
6%
15% ~
S5>/2 ?
4/4 -
113 8
? ?
40Va 7
42 7
67 ?
21V4 ?
7% 1
17 ?
89% 7
73J4 0
66% 4
3Va -
4Va ?
29% -
63% 7
63 0
95 12
18 3
47% ?
67/a 7
28/o ?
64% 7
S5% 9
111 Va 12
110 12
86 6
67 7
6% ?
22% ?
31%
1
24
91
76%
75%
1
77
1%
18
15%
10
103%
Allis-Chatmer-.
do pf.
Amer Agr Chen? ....
do pf .
Amor Beet Sugar pf.
Amer Bosch Maar . . .
American Can .
do pf .
Amer Car tt Fdy . ..
Amer Chicle .
Amer Cotton Oil . . .
do pf .
Amer Drug 8ynd . . .
Amer Expresa .
Amer Hide & Loath.
do pf .
Amerlcr.n Ico .
da pf .
Amer Inter Cory ...
Amer La Franco ...
Amer Linseed .
da pf .
Amer - Locon-otlr? ...
Amer Radiator .
Amer Safety Rasar..
Amer Ship ? Com ..
Amer Smelting ..... 2600 45
do pf . 200 88
do pf A ....._ 200 88
Amer Snuff . 200 111
Amer Steel Fdy _ 1700 33
Amer Sugar . 87100 51
do pf . 1800 78
n
900 39%
200 39
COO 30
600 69%
300 57
1600 3 6/4
3600 34
200 94'.
1400 145
600 107'
3200 22
800 47
200 4%
100 128
1600 14%
200 60
200 73
300 70%
2000 42%
200 8%
8600 34%
100
7600
200
1400
600
83/4? 1
93% 100%
88'/a 88 Va
Amer Sumatra Tob.
do pf .
Amer Tel & Tel
Amer Tobacco .
do B .
do pf new ....
Amer Woolen ..
Amer Zinc .....
do pf .
900
200
%
11?. + 1% 111
33 Va? 3s 33;
50%? 1% 60
73?2 78'
31%-f 1 31
65%+ % 65
6200 117% 117% 116% 116%? % 116% 116}
800 132 132/a 13*1% 132/2- 132% 133
600 128 123/a 128 128%? % 123 128',
100 97% 97% 97% 97%? % 95 97
1400
300
200
80%
13%
? Anaconda . 6700
50%
2Va
62%
30%
47
14%
33%
41 Va
6%
3%
3
81%
88
2Va
3%
10/4
14 %
7%
53%
25
62 %
3%
101
22%
67%
23
38%
46
15%
33%
6%
14
183/4
30%
60/8
22%
63%
56/a
50
32
60
0
19%
19
22
27%
42
2%
9%
? Assets Realization Ce 400 1%
4 Aj.-.vic Dry Goods . . . 200 48
6 Associated Oil . 100 105
6 Atch, Top & Son Fe. 6600 94
5 do pf . 200 86%
? Atl, Birm & At_ 600 1%
7 Atlantic Coast Line. . -100 89
? Atlantic Fruit . 300 2%
? Atlantic, Gulf _ IV I 2700 33%
? do pf. 800 23%
2/a Atlantic Petrol _ 1400 23%
7 Atlantic Refining pf. 103 113
? Austin Nichols . 900 9%
7 do pf . 100 65
? Anto Sales Corp ... 200 3%
7 Baldwin Loco Co . .. 1320O 98%
? Baltimore & Ohio .. 3400 35%
4 do pf . 900 63
? BsrnKd-Ui B . 300 20
5 Bethlehem Steel _ 100 62
6 do Class B . 2400 56%
? Brooklyn Rap Tran.. 000 7/a
? do ctfs . 200 5%
? Booth Fisheries . 200 6%
3x
10 Bums Bros . 6600 119/
7 Bush Term Bide. 100 83/
? Brunswick . 100 3
? Butte Cop & Zinc... 300 5T?
? Butte & Sup Copper.. 1100 21
? Butlerick Co . 100 32-^
~ Caddo Oil . 220-0 11 *?:
6 California Packing... *'00 70 ?/
? California Petroleum. 9400 473
7 do pf . 200 87
? Call Lead & Zinc... 3O0 C1/
10 Canadian Pacific. 22CO 121'/
? Centra! Leather. 1600 30*5
? do pf . 200 03/
? Cerro de Pasco. 600 34'/
6 Chandler Motors _ 2600 50'/
4 Chesapeake & Ohio... 400 56'
? Chic & i*a_t III w i. . 200 153,
? do pf v i. 900 363,
? Chic Gt Western. 200 63
? do pf . 200 161
? Chic, Mil & St Paul.. 1400 19V
? do pf . 180O 31',
%
30%?
63 % +
8? %
Chic & Northw'n...
Chic, R I & Pac_
do 7 % pf.
do 6% pf.
Chic, St P, M & O..
C, C, C & St Louis.
do pf .
*3%
13 Va
77
12%
59
22'/a
30
49
77
10%
5%
13%
23
93
3%
84
13
52
10
15"a
44%
7434
5%
21
83,4
9 Va
39%
S9Va
54
109/a
9%
60
26%
62/a
83/4
60
25%
13%
6
5%
Va
50%
13
40%
10/a
85%
2
33% ?
29% ?
1% -
3/a
67% 5
36 6
63% ?
38% -
07 8
11% -
67 6
BVa ?
22% -
2 ?
4 ?
14% -
18% ?
45% 4
60O
3400
COO
200
200
1100
300
? Chile Copper . 11700
? Chino Consol Cop... 4600
4 Coca-Cola . 1400
? Col Fuel & Iron. 600
3 Col & Sou-hern. 400
4 do 2d pf. 200
? Colum Graphophone.. 2600
? do pf . 200
6 Col Gas & Electric.. . 6200
4 Comp Tab Record... 6600
? Consolidated Dlst_ SCO
? Consol Cigars . COO
7 Consolidated Gas_ 400
? Consol Textile . 6600
4 Corn Product? . 4400
2/2 Cosden & Co. 11600
? Crex Carpet . 100
4 Crucible Steel . 2500
7 do pf. 100
? Cubun-Amer Sug ... 1100
? Cuba Cane Sugar ... 1400
? do pf . 1200
4 Davidson Chemical .. 15100
6 Del, Lach & West .
? Dul, So Sh & Atl pf
7 Durhum Hosiery pf.
? Elk Horn Coal _
6 Lndlcott-Johnson ..
~ Erie.
? do 1st pf .
8 Famous Players ...
8 do pf .
? Fed Min & ftmelt . .
4 do pf .
? FLsk Rubber Tire ..
? Freeport Texas ....
6 General Amer Tank
? General Asphalt ...
5 General Cigar .
8 General Elec Co . ..
65%
General Motors . 8400
do 6% deb . 200
Goodrich, B P . 1600
do pf . 300
Gray Davis . 400
Great Northern pf .. 1400
Gt North Ore subs.. 200
Greene-Can Cop .... 200
Guant Sugar . 200
Gulf Mob & North.. 100
llabirshaw Electric . 300
Hosk & Bark Car Co 2700
Hendee Mfg . 200
Houston Oil . 1200
Hupp Motors . 300
Illinois Central . 600
.?OIndiahoma . 22C0
Inter Agricul pf .... 100
Inspiration Copper . . 2600
Inter-Cons Corp .... 200
do pf . 600
Inter Harvester .... 1200
Inter Merc Mar pf.. 3600
Inter Mot Tr 1st pf. 600
Inter Paper . 1700
do pf stpd . 600
Inter Nickel . 200
do pf . 200
Invincible Oil . 1400
Iron Products . 60O
Island Oil . 12C0
Jewell Tea . 200
Jones Tea . 300
Kansas City 8outh.. 1600
do pf . 600
600 13934 140
%
Iliffh. Low. Dir.
1921. 1921. ?n $
?*l% --
32% 4
70' 4 8
I fi ?
8'/4 ?
1.10 5
32 ?
17% ?
17 i/a 2
47% 3[/
07S8 7
C4 7
10 ?
73/4 1
136 12
97 7
46% 7
21 ?
S2 7
18
13
11/?
M, Open. H'??:!i.
Hid. Ask
o
64%
94
27%
17%
177
68!/a
28%
30
60%
110
102
21 '/a
12%
164 i/a
118
67
89%
00 i/a
36%
21
24
3'/a
30%
15%
114
119
167/4
28
10%
33'/a
14%
74%
3'/8
6%
9?"a
26
23/4
49/a
61
30
79/4
5%
65
87
6%
16%
77%
76
23%
23/4
33
104%
46
41 /a
/4
COO 97%
1600 11
300 9%
400 154%
100 110
100 G2
Knn.?n?. ft Gulf . 900 7 !
Kelly Springfield . . . 1700 44
do 8% pf . 10') 92
Keniiecott Copper .. 6000 E'G*
KcT.stone Tire . 7400 15?
Kresse, S 8 . 1400 173
Lnrknnnnna Steel .. COO 48^
Lake Erie & We'it pf 200 291
Loe Rubber & Tire.. 200 29
3% Lehlirh Volley . 9400 09'
7 I,ig ?. My Tob Co pf 100 108
7 Limn Locomotive . ..
- Loew'fl, Inc .
1 Loft Candy .
2 Lorillnrd, P .
7 Louisv & Nnshv ....
7 M'tllinson pf .
Mnnati Rugar . 100 29
7 Manhattan Kiev _ 26?0 33%
1% Manhattan Shirt ... 300 32
2 Martin I'arry . 100 18/2
- Math Alkali W _ SCO 21
/a ? Ma*well Mot Co elf* 200 1%
12% ? Marland Oil . 1700 26
8 ? Maxtvell Motors, 1J. . . 20'? 14%
65/2 8 Mri7 ?cp't Stores_ 800 107%
05 7 do pf . 100 109
04% 12 Mexican Petroleum... 27600 116
18% 2 Miami Consol Copper. 1600 27%
10 1.20 Middle State? Oil_ 16100 13/2
22 ? Midval* Steel . 600 28%
6 ? Minn & St L. new.. . 100 8
83 7 M, St P & S Sie M.. 600 68
34 ? Mo, Kan & Texas.... CGO 1%
do pf . 800 2\,'a
do w 1. 2600 8%
do pf w I
i/j.
1/2
Va
21 a -
8% ?
22% ?
16 ?
33% -
43 3
12% ?
11/a --
44-*? 7
% -
26 6
67% 6
9 " ?
40 8
64% 6
12 ?
15 2
13 4
83 % 7
32/4 3
317,
Missouri Pnelfle . 1'100
88"/
48
4
16
85
1?3/4
6,'%
17/4
50%
79%
71%
41%
17
12
69/a
23%
65%
35/a
341/4
42'A
88
14! a
6G
32
16/a
96
104
341/2
1141,4
51 /a
40%
26%
16
89'/4
55
57%
38%
73%
24/a
39/a
6<?7i,
B/a
23%
2534
30/2
41
6%
7'/4
~%
98%
104
25'/*
1 '/a
Va -
61/4
40
1%
8
39/a
4
4?)
I/a
8
8 ?
27/a 3
38% 6
341/b 6
32/4 2
6% ?
8 ?
33% ?
153/4 ?
50 5
26 /a 3
16 2
9'/4 ?
21 ?
6/4 ??
52 5
12/a ?
43 ?
80 7
20% ?
8
87%
24%
21 /a
19
11
603,4
36/a
38/a
17/a
41/a
5
18
40 Vz
1/4 ?
8% ?
191/8 ?
19% ?
23 ?
2/8 -
2/8 ?
4</a ?
541/4 ?
do pf . 2600 46%
Montana Power . 300 59
Montgomery Ward.., 1600 13'/j
National Acme . 700 12/t
Nat Clonk &. Salt pf. 100 66
Nat Con & Cable. I00 1/
8 Nat Enam & Stamp.. 1300 37/
S National Lead . 500 84
- N R K of Mex 2d pf. 200 3/
Nevnrla Con Copper. . 800 15
8 New Or, Tex & Me*. 200 68
5 New York Central... 14C0 73/
- N Y, N II & Hurt... 1GO0 12ft
2 N Y, Ont & West_ 900 21 ft
4 NY Shipbuilding_ 100 13?^
7 Norf & Western. 4CO 9b/
3 North American. 600 44
3 do pf . 80O 39/
Ho riffhts . 100 '/
7 Northern Pacific. 8700 80/
2% Ohio Fuel . ?TOO 47/
OWa Prod & Kef_ 500 3
Otis Steel. 4600 12/
Ho pf . 230 44ft
- Pacific Pi've'opment.. 60J 5>?
Pac Cas el Electric. 1400 65/
Pacific Mnll . POO 12??,
Pacific Oil . 1870O 4o1/
l'an Amor P?troleum. 96' ?> 53
d? II . 600 47
Pennsylvania R R... 6700 33/
Penn Seab Steel. 1400 10'/
Peor?a & Eastern.J00 I07
People'* (.'as & Coke C00 68?:
P?re Marquette . 300 ?1 i
t?o prier pf . 200 631
Philadelphia C* _ 690 32?
Phillips Petrol . 3600 34
Pierce Arrow . 3400 14'/
?io pf . 900 325
Pierre Oil . 2600 13
Pittsburgh Coal _ ?400 63'/
Pitta & Went V?_ 2?4O0 25'/
Pond Creek Coal ... 100 15*
Tressed Steel Car .. 400 66
Ho pf . 300 93
Pro.t & Uef . 300 32
Pullman Co . 1100 109
Punta Aler/re Sayar. 1600 281
2 Ture Oil . 900 383
3.41 Hand Mines . 100 203
- Ray Con Copper .... 900 15",
Va
1-3?
Keadinjr. 13 6O0
E5
12%
4ft3
16/a
67/a
78
17%
42
'-?J78
101
103
24%
60
115 88
97/a 62%
192/4 124'/a
114 105/0
66
21
7. do 1st pf . 300 43ft
2 do 2d pf . 290 46
HemiiiEton Type .... 300 25/
Rep Iron & Steel ... 300 53/
Rep Motor Truck ... 300 8/
Rtplof-le Sleel . 200 23/
5.20 Royal Dutch . 2400 52/
Santa Cecilia Sngrar. 300 1?.
Saras*? Arms . 1100 13/
St Louh & San Fran 3630 21?.
St Louis Sotithr.-'n .. 1'100 21'/
do pf . 100 33
Saxon Motors . 60O 21/
- Seaboard Air Line . . 900 3
do pf . 1100 43
Scurs Roebuck . 3200 57/
do rf . 200 89
Se?era Copper . 400 22?
Shatlnck Arizona .. 300 8?/
- ??r.cla'.r Oil . 6600 22?
6 Pouthsrn Pacific .... 6200 90)
3 So Porto Rico Sug- pf 300 73
- Southern Railroad . 1700 19'/
<J-> pf . 300 45?
Stand Millinat . 100 113
Stand Oil of Calif.. 1400 93
Stand Oil of N J .. C00 187
00/4
37
46
93/4
10%
I3/4
25?4
36%
11
48
27/a
36%
203/?
72
91
17
13
44/2
75
25 %
131% 111
106 i/a 100
25/4
43%
3 ?
3% ?
2 ?
32% ?
6% ?
?9 3
16% ?
16% 1
1:>% ?
48 6
56/a 7
8 ?
6 ?
28 4
57 8
15/a ?
<!<> pf . 200 113/2 1l3/2 1131/a
Steel A Tube pf _ 50 83 83 83
Stewart Warner - 200 24/a 24/8 24%
Siromberg Carb _ 900 34% 35% 34
Studebaker . 8600 80% 81/4 80/a
Submarine Boat . 2600 4/4 4/a 2%
Superior O.! . 4C0 7% 7% 7</*i
Ten Corn & Ft, A. . . 600 4% 4% 4/,
Texas Golf Sulphur. . 10600 34% 36% 34/
Tenn Cop & Chem.. . 600 10! 4. 10% 10/t
Texas Company . 4700 47'/2 47% 47/?
Texas & Pacific. 3100 24% 25% 24%
Tex-Pac Coal & Oil.. 1400 29% 29% 29/
Third Ave Rway_ 1600 14 14 13/.
Tobacco Products _ 3700 63?? 63% 62%
do pf . 300 88/a 83/2 80/
To], St L & W ctfs.. 100 15 15 15
Transcontinental Oil. 3400 11% 11% 10/
Trans Wins Steel_ 100 31 31 31
Union Baa; & Paper. 300 71% 71% 7V/?
V?nion Oil . 2?C0 19% 1
89 + Vz
22%? ['a
80%? /a
1S%?
46 -
118 +
93 ?
185 -
113/a
83 -
24'%?
34
81 "3? %
4/a+ Va
7 Va? Vz
4%- /a
S6/3-H 1%
10/2+ %
47/2? /3
25/a+ Va
29/2+ /a
13%? 1%
63/4+ %
83 Vz + 1
11/a? Va
Va
1%
Va
1
71/a 71%?
19/a 19%?
126/4 126%+
106
207
12%
26
57 Vz
27%
74/a
63%
62/4
79%
103ft,
86%
114%
663/3
12%
41
42/a
102%
9%
9
24%
15%
72
11/a
30%
94
51 Vz
47
H/o
19/a
17%
44
18%
10%
131
65%
70
46 ?
95?4 8
6 ?
17 ?
38 8
8% -
35/4 ?
41% ~
46% 7
40% ?
74 8
70% 6
105 7
41% 2
8/4 ?
25% ?
203,4 ?
67% 8
5% ?
6% ?
18 ?
12% -
Union Pacifie . 2400 126% 127
Un Cicar St pf. 3!1'* 102% 102ftj 102ft, 102%
United Titos . 7.-0 71 71 71 71 ?
United Fruit . 900 126% 126% 126 128 ?
Un Rway Invest. 200 8% 8% 8% 8% +
do pf . 1600 20/3 21fta 20 21%+
U S C I Pipe & V pf. 300 52% 52% 52% 52%
Ti ? Food Products. . . 600 10% 10% 10% 10%?
U S Indus Alcohol. .. 1400 39 393/i 39 39%-f
U S Realty & Imp. . . 200 61% 62% 61% 62% +
Un Retail Storea. 1810?) 52% 53% 62% 53 +
United States Rubber. 37CO 553/j, 5534 64% 55%?
do 1st pf. 900 1003/i 1003,4 100% 100%?
United States Steel.. 9400 84 84/4 83ft, 84 -
do pf . 1400 113% 113% 113% 113%?
Utah Copper . 1100 93 63% 63 63%?
Utah Secur Corp. 1300 9% 10% 9% 10%+
Vanadium Corp . 1400 32% 32% 31% 31%?
Va-Caro Chemical... 100 29% 29% 29% 29%?
do pf. 600 68% 68% 68% 68%?
Vivaudou . 1?0O 7% 7% 7% 7%_
Wabash . 1400 6% 6"*? 6?? 6%?
do pf A. 1200 20%
do pf B. 9CO 13%
49% 2% Wells Farg-o Exp_ 90O 63%
8% ? Western Maryland... 900 8?4
Western Pacific. GC0 18%
Western Union Tel... 600 91%
Westmghouse Mf?... 1900 50%
WCscn Co . 3?**0 29%
Wheel & Lake Erie.. 1100 6%
do pf . 300 14
White Oil . 400 11
White Motor? ....... 1600 3934
Wickwire-Spencer ... 600 15%
Willys Overeland .... 800 6
Woolworth . 600 131
Worth Pump & M... 1400 45%
do pf H. 300 69%
16ft
76 7
38% 4
27% ?
6% ?
12% ?
29'% 4
8% -
4% ?
105 8
30% 4
54 6
?Ex dividend.
STRAITS SETTLEMENTS (par 66.? cents
a dollar)
Demand .it. 75 48.75 -
Cable?.49.00 49.00 -
THE AMERICAS
ARGENTINA (par 42.44 cents a paper
peso)
Demand .83.62^ 83.37H 3-1.50
Cables .83.76 33.60 34.62*i
?.-'.i a r.i :. (p?r ??.4S cents a paper mure!*))
/'-mu (id .19.99 Uli l'-7W
o?Uu ........ii.ii'? ia.?T_i jl4.*i
PERU (par J4.86 a pound)
Checks . 3.60 S.50 4.21
ECUADOR (par 48.60 cents a euere)
Chocks .-?i.OO L'5.00 -
CHILE (par *!6.5 cents a peso)
Checks .10.62V4 10.6! H 14S7W
URUGUAY (par 103.42 cents a prso)
Checks .10.2a 70.00 75.78
VBNBZUELA (par lb.3 cents a bolivar)
Check? .17.69 17.59 -
Canadian Exchan-rc??s*?w York funds In
Mt.'tureol, ?'i pif cant premium; ?Montreal
tu.*'-? ta New* York, IS? por cunt diat-ouit.
Stromberg Surplus l9$1.68
For tho nine months ended Septem?
ber 30, the Strornberg Carburetor Com?
pany of America, Inc., reported a sur?
plus, after charges and Federal taxes,
of $126,091, equivalent to $1.08 a aharc
I earned on th? 75,000 share? of capital
! stock of no par value.
i Gross earnings totaled $413,760 and
profit and loss surplus $2,478,761. Cash
! was $231,003 and notes and accounts
j receivable $303,901. Notes payable
? amounted to $50,000, compared with
I $150,000 in the corresponding period
! last year. Accounts payable and ac
j crued accounts totaled $32,015, againsi
j $183,570 ? year ?go.
In Wall Street
May Department Store*
Another spectacular ritje in May De?
partment Stores yesterday led the
Street to believe that the expected an?
nouncement regarding en extra distri?
bution for shareholders may bo close
at hand. The stock closed on Satur- ,
day at 107'/., u net gain of mor-i than
K points for the week, and after sell?
ing down to .100 jumped later to 114.
'] hero were no sales between 1 i0'/_? and
tho high of tli? day. The closing sale
was at 111, a net rise of 8%. The
low for 1921 was 66M?.
Wall Street Unperturbed
Wall Street was little disturb"-! over
tho rumor that another bomb explosion
vas scheduled for yesterday. On the
Stock Exchange, the place named for
the attack, business was conducted as
usual, and the only reference to an
- ther outrage was in a jocular vein.
When the noon hour drew near some
people on Wall Street were seen to
Look at the clock on the Trinity Church
steeple, but that was the extent o
their anxiety.
Railroad Heads Differ on Grain Cut
Although railroad heads have not yet
made known what action they intend
to take regarding the decision of the
In t.or:-? tute Commerce Commission es
tablishing the 16% per cent rate re?
duction on hay and grain products, it j
is believed that a meeting will be j
called soon to discuss what steps, if j
any, will be taken. In tho so-calle-'.
Western mountain territory the de- ?
cisi?n apparently takes precedence o'^r
the 10 per cent reduction on farm prod- j
nets which the carriers voluntarily ap?
plied for to take effect in all parts o<"
the country except New England.
There seems to be little doubt that the
Western roads, which are hardest hit
by the commission's ruling, will put
up some *ort of a fight. In the East
the railroads are preparing to make
the cut on carload lots of farm prod?
ucts effective on January 1.
Pierce Oil Preferred Dividend
Directors of the Pierce Oil Corpora?
tion are scheduled to meet to-day, and
it is believed they will act on the
recommendations of the executive com?
mittee and declare a dividend of $4 a
share on the preferred stock. This
would re-establish the $8 rate, which
was interrupted last fall when the S2
distribution due in October was omit?
ted. The executive committee met last
Friday, and, it is understood, voted in
favor of the resumption of dividends
on tho senior stock issue. Declara?
tion of a $4 dividend at this time
would complete the payments for the
September and October quarters.
Mexican Oil Men Meet
Although advices from Mexico City
indicate that American oil men are
nearing an agreement with the Mexi?
can government regarding taxes no of?
ficial information on the subject has
been given out in New York. There
was a meeting yesterday of members
of the Association of Producers of
Petroleum in Mexico and It was thought
that some announcement would be
forthcoming from the conference.
Later, however, it was stated that no
announcement would be made. Among
those in attendance were Guy Stevens,
manager of the association, and E. L.
Doheny, president of the Mexican
Petroleum Company. Exports of crude
oil from Mexico in November are
understood to have averaged 255,000
barrels a day, a volume not exceeded
in any previous month this year.
ArMtraglng In Middle States
Brokers said that there was a con?
siderable volume of arbitraging yes?
terday between Middle States Oil on
the Stock Exchange and Imperial Oil
on the Curb. Under the plan by which
all the Haskell properties ere to be
consolidated into Middle States a
holder of 100 shares of Imperial will
get 85 shares of Middle States. At
yesterday's quotations for both stocks
there was a slight profit in selling
Middle States and buying Imperial. If
by any chance, however, the merger
plan should fall through the seller:*
of Middle States would be short of the
stock, brokers pointed out.
Kirby Petroleum
Eastern financial interests have ac?
quired a substantial block of stock in
the Kirby Petroleum Company, of
which John H. Kirby, of Houston,
Texas, ?3 the president. The new in?
terests arc represented on the board
by F. M. Kirby, of Wilkes-Barre, Pa
president of the Miners Bank of
Wilkes-Barre and vice-president of the
F. W. Woolworth Company; E. P.
Charlton, Fall River, Mass., vice-presi?
dent of the F, W. Woolworth Com?
pany; Mortimer B. Fuller and F. L.
Peck, of Scranton, Pa. The company's
properties are located in the new
Mexia field of Texas.
American Sugar Refining
American Sugar Refining, both com?
mon and preferred, continued weak
yesterday in the face of comparative
firmness in the other sugar stocks. At
493/s, the common got within striking
distance of the low of 47% which was
established last October, when the
dividend on the preferred was being
questioned. During the course of the
decline the old rumor of new financing
was revived. Earl D. Babst, president
of the company, with other prominent
sugar interests is working on a plan
to dispose of last season's unsold crop
of Cuban sugar and it is intimated that
some announcement may be made this
week. The plan, as now drafted, con?
templates the formation of a credit
instrument similar to the Copper Ex?
port Association.
Oil Production Shows Slight Increase
Daily average gross crudo oil pro?
duction in the United States for the
week ended December 10 was 1,361,000
barrels, an increase of 27,690 barrels
over the preceding week, according to
figures compiled by tho American
Petroleum Institute. Th? Increases took
placo in North Texas, North Louisiana,
Arkansas, Gulf Coast, Eastern Wyo?
ming, Montana and California, while
losses were reported in Oklahoma and
Kansas.
November Copper Sales
Estimates in the financial district yes?
terday placed the total c -r*per sales at
185,000,000 pounds. Thi. compared
with sales of approximately 140,000 000
pounds in October and around 100,000,
000 pounds in September. Based cm the
latest figures, more, than 425,000,000
pounds of copper were sold in the three
months ended with November. Should
sales this month reach 100,000.000
pounds, a total business in excess of
525,000,000 pounds for tho lust four
months of 1021 would be indicated.
It is now believed that sales for the
full year may reach 1,150,000,000
pounds, compared with 1,400,000,000
pounds in 1920.
c
London Market Finn
LONDON, Dec. Ifc?Prices were firm
on the Stock Exchange to-day. Bar
gold. 98s Id; money, 2'? per cent. Dis?
count rates?Short bills, 3V4 per cent;
three-month bills, 3% per cent.
Closing stock prices:
OonsoiH, money. 60>. Louisville.ISO
Brit ' ?'. loan-01 VM K * T. 1*4
do 4'._ . S3 "N V Central.... S8
Atohieon.100 jNorf & We?t'...116
B & O. 4- Ont _r Westn... 24
Canadian Pao..144 ?Pennsylvania... 39
C & 0. 68 Reudlnir . 87
Chi Ot "West... 8 |Southn Ry . 22
St Paul. 23 [Southn Pao_ 95
Erie . 13 Union Pacific_150*i
<?.o 1st pf. 19 |U H Steal.100
Orank Trun.lt... 1 V6 ?Do Beer?. 9*4
ill Central.117 ?Itand Mlu-j?. . . . 1%
Our Weekly
Suggestions
Approxtjt-Mt?
O.-W. R. R.
& Nav. Ref.
V? 1961 771/0 3.39%
IN. Y. F(l?-i(nf
18161/'g
1941 T.. 106 6.90%
Mil. E. Ry
1941 ...1031/2 7.15%
Winchester
lst7i/?,8
1941 . . . 100 ]A 7.45%
O? requ?*t tea ?fcn/f *^
ffW to rnaiZ, regularly,
our investment pamphlet
-"Weekly ?uggtutions.?
Hitt,Farwe!I&Park
160 Broadway
Tel. Cortlaadt 885?
Holiday PaymenU
Con Still Be Made
by Cable
KNAUTH, NACHOD ft KVTBSZ
have Kpoclal facllitle? ior maldn?
payments of this rharacter throuth
their correspondents hi every Im?
portant city in the world.
Payment? may be mu?? to in?
dividuals direct or to banks for
their ac<?ounL
If yon require prompt aanrlc?, cn
ploy X., N. ft K.'t faclUtlea.
Knauth.Nachod & Kuhne
Equitable Building
New York
We specialize in
Public Utility
Stocks
Carolina Power & Lt Pfd.
Ft. Worth Power & Lt. Pfd.
Kansas Gas & Eiec. Pfd.
Northern States Power Pfd.
Pacific Power & Lt Pfd.
Portland Gas & Coke Pfd.
Southwestern Power & Lt. Pfd.
Texas Power & Li*?ht Pfd.
Tri-City Railway & Lt. Pfd.
Utah Power & Light Pfd.
Western States Gas & E!. Pfd.
Yadkin Rirer Power Pfd.
PYNCHON & CO.
Members Xe\o York Stock tichongt
111 Broadway New York
Telephone Rector 970
LONDON LIVERPOOL PARIS
PRIVATE WIRES
to principal cilia of L'nUcJ
Slates and Canada
Opportunities
m
New York City
Traction Securities
Circular tent on requatt
LADD ? WOOD
Jfember? et
Ktvc York Htock Bxch*mp*
Rector 980
7 Wall St. New York
100 Shares Stock or Less
$1,000 Bonds or Smaller
Margin Accounts Invited
Investments on
Partial Payment Plan
John Muir & (X
ItortAvt A"?? rose Sttdt ?UtAam*
61 Broadway New Y?*?ri
Merrill, December
r i Investment
Lvnch ?
** ^ Suggestions
?C V.O. Li3{ un*
120 Broadway. N. Y.
Members Nev> York Slock Exchonf*
Paris Market Heavy
PARIS, Dec. 19.?Price? were hes**T
i on the Bourse to-day. Three per cens
? rentes, 54 francs 80 centimes; e\ehang?
?on London. 52 francs; 5 per cent loan.
j ?O francs 20 centimes. The dollar WM
quoted at 12 francs 30 Va centimes.
$4,234,000 Farm Advance?
WASHINGTON, Dec. 19.?Approv?!
of 150 advances for agricultural ???
livestock purposes aggregating ?4'23*?*
000 was announced to-day by th? >??*
Finance Corporation. ? ? -,

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New-York tribune. [volume], December 20, 1921, Page 12, Image 12
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924